Councils need to adjust their treasury management strategies to enable them to consider longer term investments, according to sector experts.

Room151’s recent annual investment survey of council treasurers revealed that 50% of the 120 authorities surveyed have some money out for a period of one to three years, while 35% have identified treasury investments they will not need to touch for three to five years.

Roughly 28% of councils surveyed said they had at least some investments out with a time horizon longer than five years, with some councils earmarking as much as 30% of their portfolios for over five years.

In a wide ranging discussion on investment at last week’s Local Authority Treasurers Investment

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